NOT LISTED FOR SALE

5537 Central Ave Ocean City, NJ 08226

Estimated Value: $1,439,000 - $9,783,000

3 Beds
2.5 Baths
1,515 Sq Ft
$3,289/Sq Ft Est. Value

Last Sold March 30, 2019

Last sale price $1,100,000 $726 Per Sq Ft

Est. 353% increase in value since last sale

Current estimated payment $30,118/month

1 Day on Market

Highlights

  • Ocean Front
  • Ocean City Primary School Rated A
  • Wood Flooring

About This Home

As of March 2019

This home is located at 5537 Central Ave, Ocean City, NJ 08226 since 24 March 2019 and is currently estimated at $4,983,284, approximately $3,289 per square foot. This property was built in 1920. 5537 Central Ave is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

Last Agent to Sell the Property

Ellen McGonigle

BHHS FOX and ROACH-Simpson OC Listed on: 03/24/2019

BHHS FOX and ROACH-Simpson OC

Co-Listed By

ZACHERY FEINSTEIN

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Ellen McGonigle

BHHS FOX and ROACH-Simpson OC Listed on: 03/24/2019

BHHS FOX and ROACH-Simpson OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $42,811

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 20x100
  • Ocean Front

Parking

  • 1 Parking Space

Home Design

  • Asbestos Siding

Interior Spaces

  • 1.5-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$42,811

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 1 1/2 Story
  • Lvt Date: 03/29/2019
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Siding Exterior: Asbestos

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Location: Bulkheaded, Ocean Front
  • Lot Dimensions: 20x100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2020
Sold by
Weeller Robert H
Bought by
Weller Robert H
Current Estimated Value
$4,983,284

Purchase Details

Closed on
Aug 1, 2019
Sold by
Weller Robert H
Bought by
Weller Robert H

Purchase Details

Closed on
Feb 5, 2007
Sold by
Burns Robert E
Bought by
Burns Kerry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2004
Sold by
Estate Of John Glascott
Bought by
Ratigan Brendan and Ratigan Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$696,800
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Weller Robert H -- None Available
Weller Robert H -- --
Burns Kerry M $420,000 The Title Company Of Jersey
Ratigan Brendan $1,072,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weller Robert H $3,500,000
Previous Owner Weller Robert H $1,500,000
Previous Owner Burns Kerry M $430,000
Previous Owner Ratigan Brendan $696,800
Closed Ratigan Brendan $214,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2019 03/30/19 Sold $1,100,000 0.0% $726 / Sq Ft
03/25/2019 03/25/19 Pending -- -- --
03/24/2019 03/24/19 For Sale $1,100,000 -- $726 / Sq Ft
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $42,811 $3,815,600 $1,720,000 $2,095,600
2024 $42,811 $3,815,600 $1,720,000 $2,095,600
2023 $40,865 $3,815,600 $1,720,000 $2,095,600
2022 $39,263 $3,815,600 $1,720,000 $2,095,600
2021 $38,347 $3,815,600 $1,720,000 $2,095,600
2020 $16,822 $1,720,000 $1,720,000 $0
2019 $6,853 $708,700 $688,000 $20,700
2018 $6,789 $708,700 $688,000 $20,700
2017 $6,683 $708,700 $688,000 $20,700
2016 $6,428 $708,700 $688,000 $20,700
2015 $6,343 $708,700 $688,000 $20,700
2014 $6,251 $708,700 $688,000 $20,700
Source: Public Records

Agents Affiliated with this Home

  • Ellen McGonigle

    Seller's Agent in 2019

    Ellen McGonigle

    BHHS Fox & Roach

    (609) 602-7507

    72 in this area

    121 Total Sales

    Ellen McGonigle
    Section Image

  • Z

    Seller Co-Listing Agent in 2019

    ZACHERY FEINSTEIN

    Compass New Jersey-Ocean City (O463E)

    (609) 442-4370

    70 in this area

    101 Total Sales

    ZACHERY FEINSTEIN
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 519928

South Jersey Shore Regional MLS

APN: 08-05501-0000-00002

New Jersey Cape May County Ocean City 08226

5537 Central Ave, Ocean City, NJ

This home is located at 5537 Central Ave, Ocean City, NJ 08226 since 24 March 2019 and is currently estimated at $4,983,284, approximately $3,289 per square foot. This property was built in 1920. 5537 Central Ave is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

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